Hello everyone. So recently I've been trading bitcoin for alt coins as I find that alt coins are far more volatile due to lower volume compared to Bitcoin and thus more profitable when it comes to day trading. Any great alt coins I should be looking into for trading? I'd like to hear your opinion on this method of trading!
Well obviously altcoin is more profitable when it comes to short trade because bitcoin now is less volatile and quite stable at $6000 to $7000. Recommended altcoins would be XRP due to its current rise and increased these past few weeks but it really depends on what you really want it is not on a coin to gain profit but your timing.
We should not ignore small points and occasions and you are absolutely right about this discussion but the thing is that we should act according to market conditions as we know that market instability make us to consider every single step with the passage of time. If you have altcoin then you will make profit in short term because it acts as short term coin, you can make profit if you buy right now because the value has decreased and you can get the benefit right now.